Skip to main content

About your Search

20121205
20121213
STATION
LANGUAGE
Search Results 0 to 6 of about 7
CNBC
Dec 6, 2012 4:00pm EST
of tax changes and withholding. talk to us about that. >> the fiscal cliff, one of the things if we're really going to go over it and change the tax basis, the treasury has to call on corporate america to change the withholding tables. all of us get taxes withheld. if they're going to change what rate i'm going to be taxed at, they're going to have to change that table. that's not an overnight process. certainly, the treasury can't afford to let that go too long because everybody will be underwithheld. they'll get a big tax bill. there will be a riot among the people if that happens. what i'm watching is the treasury. if they get nervous enough, they'll ask them to change the tax tables. so far it looks like they smell a deal and haven't asked for it yet. you think we're going to get a deal? >> i think they may try to push it to the end. the other thing i'm watching for is the 17th when the president is due to take his family to hawaii. i don't think he wants to be in hawaii without a deal. something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was
CNBC
Dec 10, 2012 4:00pm EST
that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into effect early next year. so yeah if you go over the cliff, lots of things consumers, businesses, you name it. but i don't think we're going to go over the cliff. at least we're noi not going to dive over. and i think without that, the dividend income and net consumer spending, consumer confidence number watch what people do. not what they say. other measures of confidence have been doing much better and that'll rebound. >> if we just back up for a second, steven, we talk about the fiscal cliff every day. those who are in the market talk about the fiscal cliff every day. does the average consumer out there moms and pops, do they talk about the fiscal cliff? does it factor into their spending efforts? >> not really. that's a great question. and the answer is no, not really. what i think really is happening with the michigan numbers and the sentiment numbers is a little
CNBC
Dec 12, 2012 4:00pm EST
interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going over the cliff is armageddon? >> this is just nonsense, absolutely not. this is a bipartisan deal that was made. now both parties are trying to welch on their commitments. i think that's a mistake. >> steve, ben bernanke said today if we do go over the fiscal cliff, even if it's for a short period of time, it's going to be very costly and they do not have the tools to basically dig us out of it. do you believe if we go over the fiscal cliff it won't be as easy as the governor is suggesting? >> we're in trouble anyway this quarter and the next quarter and putting on taxes of any kind would be the wrong thing to do. sometimes the governor is a former physician, current phys
CNBC
Dec 5, 2012 4:00pm EST
over the fiscal cliff? >> oh, absolutely. again, there's no prospect in an agreement that doesn't involve the rates going up on the top 2% of the wealthiest. all those americans get a tax cut under the framework under the first $250,000 of their income. in some sense, it's a tax cut for all americans. it's just for people who make more than that, we're going to ask them to pay a modestly amount more. >> that's hard to understand given how much going over the fiscal cliff would hurt the economy. why is going over the fiscal cliff worth it for just this one component? if you can get the other components, why wouldn't you take that? >> good question. thanks for asking. what we're trying to do is put in place a comprehensive balance set of fiscal reforms that put us back on the path to living within our means and create room for investing to make the economy stronger, make sure we're protecting medicare for future generations, and forcing the government to use the taxpayers' resources more wisely. in that context, you have to have a significant amount of revenues. we don't see a way of doing it that makes any sense or has any political viability without rates going up as part
CNBC
Dec 7, 2012 4:00pm EST
they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. short-term interest rates, zero. negative on an inflation adjusted basis. the cost of capital is so low. i firmly believe in my lifetime this is the most aggressive fed easing we'll see in the last 5i years. that's what's so powerful. >> i think he just hit the ball into your court. >> i don't know how to say it anymore than that. >> i don't know how much more it co
CNBC
Dec 13, 2012 4:00pm EST
and it's not happening because of all the fiscal cliff, obama care, the taxes. this market should be a lot higher if it wasn't for all of the stuff. >> what about the international story? where do you want to allocate capital outside the united states? >> the best way to allocate capital outside of the united states is focus on large multi-nationals in the united states but have exposure to places like china, india, brazil. why? because it's less volatile and a lot of their earnings are coming out of those places. >> that's a good point does it bother you if tax reform doesn't happen and, for example, hit the companies with so much money on international markets. >> i think corporations are already expecting a worst case scenario like most americans. to some extent any clarity will help unleash some of the corporate earnings down the road. >> does the dividend or cap increase scare anything out of market? >> if we focus on the short term it's a scary proposition. when the cost of anything goes up the profit goes down. i think long term we're still at lower rates than we've seen hi
CNBC
Dec 11, 2012 4:00pm EST
reach a deal in avoiding going over the fiscal cliff. >> reporter: and why are billionaire investors warren buffett and george soros calling on congress to raise the wealth tax. we'll have that story. stay with us. even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >> time is running out. >> right now the american people have to be scratching their heads when is the president going to get serious? >> washington remains at odds. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise would have gridlock and reach a deal. now, we're beating down their doors. live from our nation's capital, this is a cnbc special report, "mission critical, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is former treasury official under president clinton. he says he's optimistic that a deal is coming. the question, of course, is when. joining me from new york is r
Search Results 0 to 6 of about 7